Page:United States Statutes at Large Volume 79.djvu/1243

 79 STAT. ]

PUBLIC LAW 89-321-NOV. 3, 1965

1203

of such clears. For the purpose of such refunds, the wheat equivalent of flour second clears may be determined on the basis of conversion factors authorized by section 379f of the Agricultural Adjustment Act of 1938, even though certificates had been surrendered on the basis of 76 Stat. (529. the weight of the wheat." ' ^ '''"'• This subsection shall be effective as to products sold, or removed for Effective date, sale or consumption on or after sixty days following enactment of this Act, unless the Secretary shall by regulation designate an earlier effective date within such sixty-day period. (c) Section 379d(b) is amended by adding at the end thereof the y^ul^c^uyVd following: "Whenever the face value per bushel of domestic marketing certificates for a marketing year is different from the face value of domestic marketing certificates for the preceding marketing year, the Secretary may require marketing certificates issued for the preceding marketing year to be acquired to cover all wheat processed into food products during such preceding marketing year even though the food product may be marketed or removed for sale or consumption after the end of the marketing year." (d) Section 379g is amended by inserting " (a) " after "SEC. 379g" 76 Stat. 629. and adding a new subsection (b) as follows: ^' "(b) Whenever the face value per bushel of domestic marketing certificates for a marketing year is substantially difi'erent from the face value of domestic marketing certificates for the preceding marketing year, the Secretary is authorized to take such action as he determines necessary to facilitate the transition between marketing years. Notwithstanding any other provision of this subtitle, such authority shall include, but shall not be limited to, the authority to sell certificates to persons engaged in the processing of wheat into food products covering such quantities of wheat, at such prices, and under such terms and conditions as the Secretary may by regulation provide. Any such certificate shall be issued by Commodity Credit Corporation." SEC. 505. The Agricultural Act of 1964 is amended as follows: (1) Amendment (7) of section 202 is amended by striking out 78 Stat. 179. "1964 and 1965" and substituting "the calendar years 1964 through n^te^ ^^^^ 1969". (2) Amendment (13) of section 202 is amended by striking out 7 USC 1379c "only with respect to the crop planted for harvest in the calendar "°*^" year 1965" and substituting "with respect to the crops planted for harvest in the calendar years 1965 through 1969". (3) Section 204 is amended by striking out "1964 and 1965" and 7 USC 1427 substituting "1964 through 1969". "°*^SEC. 506. Effective only with respect to the 1966 through 1969 crops, section 107 of the Agricultural Act of 1949, as amended (7 U.S.C. 1445a), is amended to read as follows: 78 Stat. is 2. "SEC. 107. Notwithstanding the provisions of section 101 of this Act, for any marketing year— 63 Stat. 1051. u s e 1441. " (l)(a) Price support for wheat accompanied by domestic certificates shall be at 100 per centum of the parity price or as near thereto as the Secretary determines practicable, and (b) price support for wheat not accompanied by marketing certificates shall be at such level, not in excess of the parity price therefor, as the Secretary determines appropriate, taking into consideration competitive world prices of wheat, the feeding value of wheat in relation to feed grains, and the level at which price support is made available for feed grains, "(2) notwithstanding the provisions of paragraph (1), for the 1966 crop, price support for wheat accompanied by domestic marketing certificates shall be at 100 per centum of the parity price therefor, and price support for wheat not accompanied by mar-

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